“When you make one to three trades that show losses, whether they be large or small, something is wrong with you and not with the market.

Your trend may have changed.

My rule is to get out and wait.

Study the reason for your losses.

Remember, you will never lose any money being out of the market.

Holding on to a losing trade is the worst thing you can do, and as a rule it continues to go against you, and the quicker you take a loss, the better.

Trade with the main trend.

It never pays to sell short in a Bull market because you are bucking the trend and may miss the top.

It never pays to buy in a Bear market, becuase you are bucking the trend and may miss the bottom and have losses.